Problem 13-74 (LO. 6) Stephanie owns land (adjusted basis of $90,000; fair market value of $125,000) that she uses in her business. She exchanges it for another parcel of land (worth $100,000) and stock (worth $25,000). a. Stephanie's realized is $ and recognized is $1 b. The basis of the new land is s C. The basis in the stock she received is s